Small business line of credit*
A revolving line of credit provides a flexible option for business capital, giving you access to funds when you need them without having to pay for what you don’t use.
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Small businesses financed
Flexible financing for your business
Benefits of a business line of credit:
- Business financing from $5,000 to $300,000
- Terms from 3-24 months
- Monthly interest rate 3-5%**
- Weekly or monthly repayments
Requirements to qualify
While requirements for a working capital loan may vary, your business will generally need:
- To be operating in the United States
- 6+ months time in business
- $20,000+ in monthly revenue***
- To deposit revenue in a business bank account
- A credit score of 700+
Recognised as “Best for Short-Term Loans” by industry experts.
A business line of credit is a flexible financing option that allows you to borrow up to a certain amount, or credit limit, to cover short-term working capital requirements. After you fully pay off the portion you’ve used, the full amount of your line of credit is available for you to use again. Run your business with confidence:
Run your business with confidence:
Four simple steps to secure a business line of credit
01 Apply online
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02 Gather required documents
We require certain documents from you in the approval process. Be ready with bank statements and a government-issued ID to start.
03 Approval in as little as 4 hours
Your loan application will be reviewed and you can get approved in as fast as 4 hours.
04 Receive same-day funding
If approved, your requested loan amount can be transferred to your bank account as soon as the same business day.
business line of credit right for you?
Pros
- Only pay what you use
- Flexible and adaptable to your needs
- Provides fast access to cash
Cons
- Lines of credit have higher qualifying criteria
- Requires a personal guaranty
Why work with Fundrivo for a business credit line?
Fundrivo has helped over 46,000 small businesses throughout the U.S. achieve their dreams by providing access to capital. Our fast processes and friendly experts are why we have a 4.8 out of 5 rating on Trustpilot.
Best-in-class customer service
Credibly business experts are standing by to help you understand your financing options, get you the best offers and walk you through determining if additional capital is right for your business.
Frequently asked questions about business line of credit
Are business lines of credit secured or unsecured?
A secured business line of credit requires the borrower to put up an asset to be used as collateral while an unsecured line of credit doesn’t.
Since an unsecured line of credit involves a higher risk on the part of the lender, the borrower needs to have a higher business credit score to be approved for one.
What term lengths are available for a business line of credit?
Unlike with loans, term lengths have nothing to do with how long you have to make payments on it or how long it’s available to you.
Instead, the different terms indicate things like interest rates and spending limits.
For example, a short-term line of credit has higher interest rates, lower limits, and lower revenue requirements, similar to short-term loans. Conversely, medium-term lines of credit have lower interest rates and higher borrowing limits, much like a medium-term loan does.
How does a line of credit for small business work?
Once the amount has been repaid ($40,000), the business owner can draw additional funds up to the amount of their credit limit ($150,000).
Are business lines of credit the same as credit cards?
Credit cards typically have higher interest rates and in many cases, a line of credit does not have a mandatory monthly payment system
Does opening a new credit line for your small business hurt your credit score?
While this may cause your credit score to drop a few points temporarily, repaying your line of credit in a timely manner can actually help you build your credit.
How can I apply for a small business line of credit?
Credit cards typically have higher interest rates and in many cases, a line of credit does not have a mandatory monthly payment system.
Which is better: a small business loan or a line of credit?
If you need a lump sum to fund something big, like buying equipment, renovating a space, or launching a new location, a business loan makes more sense. You’ll get set terms, consistent payments, and a clear repayment plan.
If your priority is flexibility, a line of credit is the way to go. It’s ideal for smoothing out cash flow, handling surprise costs, or buying inventory when you need it. You only borrow what you use.
Both options serve different purposes. The right choice comes down to how you plan to use the funds and how much control you want over when and how you access them.
Apply for business financing up to $600,000
Find out how much you qualify for. Applying will not hurt your credit score. Do you meet the requirements?